Russian incentives to attract Japanese drugmakers to establish production

Russia plans to offer a special ‘green corridor’ for pharmaceutical companies from Japan that are interested in establishing production within the country, according to recent statements of Russia’s Vice Prime Minister Olga Golodets, one of the people, responsible for the development of pharmaceutical industry in the Russian government, reports The Pharma Letter’s local correspondent.

According to Ms Golodets, these corridors will ease the access of Japanese companies to the Russian pharmaceutical market and provide benefits to them in the form of taxes and customs preferences.

Earlier this year, Japanese Prime Minister Shinzo Abe had already spoken about the interest of some Japanese drugmakers to increase the supply of their drugs to the Russian market.